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Showing 2 fha loan specialists in Great Neck Plaza, NY
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Dream Habitat | Mortgages Loan Officer Lender New York, NY
45 Middle Neck Rd Suite 229, Great Neck Plaza, NY 11021
5165852440
Bayport Funding
98 Cutter Mill Rd Suite 424 North, Great Neck Plaza, NY 11021
8005514046
What Does a FHA Loan Specialist in Great Neck Plaza Cost?
Typical costs for an FHA loan specialist in New York include an origination fee of 1 to 2 percent of the loan amount plus third party fees for appraisal credit report and title search. For a 400,000 dollar loan these fees total roughly 4,000 to 8,000 dollars. Upfront mortgage insurance premium is 1.75 percent of the loan amount and annual MIP ranges from 0.45 to 1.05 percent. This is general information not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What are the FHA loan limits for Great Neck Plaza New York?
For 2024 the FHA loan limit for a single family home in Nassau County is 1,149,825 dollars. This high limit reflects the elevated home prices in the Great Neck area. Limits are updated annually by the Department of Housing and Urban Development.
Do I need a special license to be an FHA loan specialist in New York?
Yes any mortgage loan originator in New York must hold a valid license from the New York State Department of Financial Services. They must also complete annual continuing education on state and federal lending laws including FHA guidelines.